Trade Desk Thoughts - Japan Revised Industrial Production

Japan Revised Industrial Production Actual 1.3%, Expected 0.9%, Previous 0.9%

Release Explanation: Measures the total value of the output from mines, industrial factories and utilities is in the Industrial read. High production numbers usually denote an economy in an upwards trend, or growth period. These reports are reactive to change and are well respected.

Trade Desk Thoughts: Japan's Industrial Production rose 1.3% in July. The market expected a 0.9% read. Compared with one year ago, industrial production rose, despite the hard period the Japanese economy has faced.

Forex Technical Reaction: The release went unnoticed by the market. In the Asian session, the yen traded flat reflecting the moves from the Asian equity markets.

Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com

TheLFB Risk Disclaimer can be found at http://www.thelfb-forex.com/content.aspx?id=174.

The Copying, Broadcast, Republication or Redistribution of TheLFB Content is Expressly Prohibited Without the Prior Written Consent of LFB Services, LLC.